Notes from the 18 April Civil Society Policy Forum session on aligning multilateral development banks with the Paris Agreement at the World Bank and IMF's Spring Meetings.
Inter-american Development Bank
Co-financing arrangements and increased World Bank-AIIB cooperation on mega-infrastructure projects represent a dangerous global trend that threatens human rights and locks in a failed development model.
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
Pipeline management and cancellation policies are in preparation for the Pilot Program for Climate Resilience (PPCR) to address funding constraints, with no funding available for new pilot countries’ projects. Questions were raised about gender impacts for a renewable energy project in Mozambique.
Challenges in measuring progress were noted for the Forest Investment Program (FIP), in particular greenhouse gas accounting. Investment plans for Mozambique and Ivory Coast have been approved. Questions were raised over the reasoning for a commercial teak plantation project in Ghana.
A new a new Enhanced Private Sector Program for the Scaling up Renewable Energy Program in Low Income Countries (SREP) is due to discussed. Cambodia’s investment plan has been approved. Social, environmental and financial risks related to a Nicaragua geothermal project were raised.
New edition of the Bretton Woods Project's biannual Climate Investment Funds (CIFs) Monitor, including an update on the Green Climate Fund, published to coincide with the World Bank-hosted CIFs trust fund committee meetings.
Report finds Development Finance Institutions (DFIs) are not doing enough to eliminate the risk of public money being complicit in tax avoidance schemes.
152 CSOs call demand World Bank halt its aggressive support of PPPs, publicaly recognise their significant risks.
The government of Suriname has cancelled its loan programme with the IMF, claiming its conditionalities were too much to bear for its citizens.
Notes from a meeting at the IMF/World Bank 2017 spring meetings on MDB actions on climate change and forests.
Notes from the opening plenary of the inaugural Global Infrastructure Forum, during the World Bank/IMF spring meetings 2016.
Sponsor: Bank on Human Rights Panelists: Isabel Lavadenz-Paccieri (Former Ombudsperson for the Independent Consultation and Investigation Mechanism,…
An April report by US NGO Gender Action compared IFIs’ gender policies, ranking the World Bank, after the Inter-American Development Bank (IDB) and the Asian Development Bank.
Two main agreements reached by the G20 in its recent meeting held in London that should be welcomed: The reliance on a renewed leadership of the IMF and Multilateral Development Banks to support the countries that will be affected by the world recession within a new regulatory framework of international finance; and the final elimination of tax havens all over the world, aiming at protecting fiscal income.
The World Bank has become a major financial and political supporter of Brazil's campaign for sugar-cane based ethanol and a free market for bio-fuels.